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$385,000

2706 Rice Mill Ave, Katy, TX, 77493

PendingInfo
Beds4 Beds
Baths2 Bath
Baths3,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.81 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Cooktop
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBack Green Space, Side Yard, Sprinkler System
Lot Size6,717 sqft

Building Information

Year Built2015
Garage Spaces2

Land Information

APN1359910020025
Lot Number25
Land UseResidential
Legal DescriptionLT 25 BLK 2 KATY OAKS SEC 3
Census Tract542902
Assessed Land Value$72,864
Assessed Improvement Value$318,880
Assessment Year2025

About this property

Located in Katy ISD with no flooding & no back neighbors, this move-in ready home offers the space & flexibility many buyers are looking for. All 4 bedrooms are upstairs along with a spacious game room, creating a comfortable retreat away from the main living areas. Downstairs, an additional room offers the flexibility for a home office, guest room, playroom, exercise room or potential 5th bedroom. Fresh paint throughout & brand-new carpet upstairs make the home pristine & ready for its next owner. The luxury vinyl flooring downstairs & large living area provide plenty of space for everyday living or entertaining. Enjoy quiet mornings or relaxing evenings on the covered back patio with no back neighbors. The water softener will stay. The Katy Oaks community offers a neighborhood playground & pavilion, plus trails that connect to Mason Creek Park & its hike & bike paths. Easy access to TX-99, shopping, dining & everyday conveniences. Come see it for yourself... even better in person!

Investor Tools

$203,054Estimated Mortgage Balance
$189,271Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,350 /month
Positive
Cash Flow Estimate:
$783 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$777/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,371
$391,744
2025
$72,864
$318,880
$391,744
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,371
$391,744

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Raghunath G Menon Etal
Unknown
$263,551
No
First
Oct 30, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,054
$201,946
49%
52%
$1,581/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$2,231/mo
+$649/mo
8.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

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2706 Rice Mill Ave | Property Details | No Agent List